THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has completed an 11-hole RC drilling program at the historic Big Four gold mine, south of Goongarrie in Western Australia.
The Big Four gold mine is located within the footprint of the company’s Goongarrie nickel-cobalt project (GNCP).
Ardea stressed that each of the 11 drill holes completed contained gold intercepts, including:
18 metres at 3.38 grams per tonne gold from 18m, including 6m at 6.03g/t gold from 20m;
14m at 2.4g/t gold from 6m, including 4m at 5.73g/t gold from 6m;
20m at 2.91g/t gold from 76m, including 2m at 13.6g/t gold from 76m and 2m at 5.29g/t gold from 82m and 2m at 5.01g/t gold from 92m.
“Ardea is highly encouraged by these first-pass drill results from Big Four,” Ardea Resources managing director Andrew Penkethman said in the company’s announcement to the Australian Securities Exchange.
“The fact that all planned holes intersected significant gold mineralisation confirms the geological model.
“Mineralisation is still open at depth and a possible fault off-set structural repetition has been modelled along strike to the north and will now be tested to define the extent of this mineralised system.
“Ardea will continue to test the prospectivity of its large Eastern Goldfields land holding for gold and nickel sulphides, in parallel to de-risking the nickel-cobalt resources within the broader Kalgoorlie nickel project.”
Ardea believes systematic gold exploration across the GNCP represents another opportunity to enhance overall project economics.
Presently, strong, coherent, and extensive gold anomalism is associated with surface lateritic nickel-cobalt mineralisation that the company considers could be indicative of underlying primary bedrock orogenic gold mineralisation.